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VietNamNews

Listed firms ready to report sustainability

Update: March, 20/2013 - 10:40

HCM CITY (VNS)— Sustainability reporting, a mandatory requirement in foreign stock exchanges but yet to become so in Viet Nam, will be a highlight at this year's annual report contest.

The contest will be organised by the HCM City Stock Exchange, Vietnam Investment Review and Dragon Capital in cooperation with the IFC (International Financial Corporation, a World Bank affiliate) and ACCA (Association of Chartered Certified Accountants).

They inked yesterday a five-year cooperation agreement under which the two international institutions will provide support to listed firms in preparing their financial reports.

"Deciding how and what to report helps focus a company's efforts and resources on tackling the most important issues affecting its business," said Simon Andrews, IFC director for Viet Nam, Cambodia, Laos, Myanmar and Thailand.

He said this would demonstrate the effectiveness of their business performances and their corporate governance, thus attracting investors. — VNS


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